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To provide access to affordable housing in Namibia, IFC partnered with Letshego a pan-African finance organization. IFC provides $50 million financing facility to Letshego’s subsidiary in Namibia to extend access to affordable housing finance for over 4,000 Namibians.

  • Although 78 percent of Namibians have a bank account, only 12 percent of households have mortgage-financed homes.
  • IFC works with partners across Africa to help increase access to affordable housing including supporting the development of sustainable and responsible mortgage markets.

The major financial supports by International Finance Corporation are featured below:

June 2021: The leading agricultural input distributor Agrofértil will receive a loan of up to $20 million from The International Finance Corporation (IFC) for growth of small and medium-sized farmers in Paraguay. The Agrofértil operates in the market by offering products such as crop protection products, fertilizers and seeds.

May 2021: In order to support speedy recovery form COVID pandemic, IFC announced a $2 billion commitment to support smaller businesses and increased trade in Africa. The new fund will facilitate the flow of imports and exports of essential goods, including food and medical products.

April 2021: In order to boost green agriculture in Chile, IFC grants a long-term loan of up to USD 25 million to Copeval. IFC’s investment will support Copeval to offer financing to its network of farmers to cover their pre-harvest working capital needs for inputs and services.

March 2021: For the development of SME in the Northeast region of Brazil, IFC announced an investment of USD 20 million in Vinci Impact and Return IV. The Brazilian private equity fund, Da Vinci Impact Fund carry out impact investments and achieve the small and medium enterprises (SMEs) in the country.

Feb 2021: To accelerate glass manufacturing, the World Bank Group member IFC announced a financing package for Pasabahce Egypt. The finance helped the company to boost exports, introduce cleaner glass production practices, and create 330 new direct jobs in the region.

Oct 2020: Focuses on business affected by COVID pandemic in developing countries, IFC helps with $4 billion. IFC focused on the most vulnerable people in the poorest countries and fragile states. The financial supports helps business to fight against COVID 19 pandemic.

Oct 2020: To support logistics and equipment sectors Small and Medium Enterprises (SMEs), the International Finance Corporation (IFC), announced an initial investment of approximately US$15 million in ABL Trust Mexico.

Sep 2020: Compass Group and World Bank Group member the International Finance Corporation (IFC), had announced an alliance to invest approximately $21 million for Peruvian companies, primarily micro and small enterprises (SMEs), which have been severely impacted by the COVID – 19 pandemic.

July 2020: Amid COVID -19 pandemic the global financial agency International Finance Corporation (IFC) launched a $4-billion Global Health Platform to address the severe shortage of medical supplies in developing countries.

July 2020: International Finance Corporation (IFC) announced a $100 million loan to a leading agribusiness company Adecoagro to support the dairy sector in Argentina. IFC’s fund will support Adeco Agropecuaria, Pilaga and L3N, three Argentine subsidiaries of Adecoagro.

July 2020: The World Bank Group member International Finance Corporation (IFC) committed $5.6 billion to private sector development in the Middle East and sub-Saharan Africa region in fiscal year 2020.

July 2020: The European Bank for Reconstruction and Development (EBRD), IFC, and the European Union (EU) had signed on to support the development of the first solar power plant in Armenia. The Caucasus plant developed by Fotowatio Renewable Ventures (FRV), a part of Abdul Latif Jameel Energy, a global leader in utility-scale renewable energy projects.

June 2020: The global development institution IFC, announced a $12.5 million long-term loan to JSC Indorama Kokand Fertilizers and Chemicals for the modernization of its fertilizer plant in Uzbekistan. The financial support will create jobs and benefit the country’s agriculture sector.

May 2020: IFC, announced a $50 million loan to Garanti BBVA to help Turkish micro, small, and medium enterprises (MSMEs) weather the effects of the COVID-19 pandemic, which has devastated businesses around the world.

May 2020: International Finance Corporation (IFC) has approved a $100 million loan to Banco Davivienda. The fund will boost the bank’s ability to increase its lending for low-income housing, women-owned small and medium enterprises, and sustainable agribusiness projects in Colombia.

April 2020: International Finance Corporation (IFC) had announced a memorandum of understanding with Agriculture Ministry’s Plant Protection Department of Vietnam to expand global export markets for agricultural produce. IFC also helps to improve the quality of Vietnamese agricultural products to increase high value markets and income for farmers.

February 2020: International Finance Corporation (IFC) had announced an investment of $54 million in Habesha Breweries S.C. to help the company expand operations in Ethiopia and increase local barley sourcing from smallholder farmers.

January 2020: IFC, announced a finance agreements with Morocco’s leading fruit producers Zalar Agri, to provide $24 million to boost fruit production and create jobs to spur export-led economic growth in rural Morocco.

About International Finance Corporation (IFC)
International Finance Corporation (IFC), a member of the World Bank Group, and the largest global development institution focused on the private sector in emerging markets. IFC works with around 2,000 businesses globally. IFC uses its capital, technical expertise, global experience, and influence to create markets and opportunities in remote areas. With the help of long-term financing for developing countries, it leverages power to the private sector to end extreme poverty and boost shared prosperity in the region. IFC is a leading mobilizer of third-party resources for projects in a developing country.

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